: Sarah had to budget for unexpected special assessments —one-time fees for major repairs like balcony restoration—which can range from $20k to $80k in older buildings.
: To rent legally, she had to apply for a vacation rental license through the state and pay local tourist development taxes . Tips for buying a condo in Destin for short-term rental buying a condo in florida and renting it out
Once she owned the unit, Sarah encountered several "hidden" financial realities: : Sarah had to budget for unexpected special
: The condo association (COA) handled all exterior maintenance , including the roof and landscaping, which made managing from afar easier than a single-family home. The Reality: Rising Costs and Rules The Reality: Rising Costs and Rules : Her
: Her monthly HOA fees rose quickly because of increasing insurance costs and new Florida laws requiring fully funded reserves for structural maintenance.
